Columbia Seligman Premium Technology Growth Fund

STK

Market cap $1.02B

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a second-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The first-quarter distribution of $0.4625 per share is equal to a quarterly rate of 0.946% (3.78% annualized) of the F.

Columbia Seligman Premium Technology Growth Fund offers a dynamic tech-income blend, with active management and a current Buy rating for core tech-income portfolios. STK's portfolio is heavily tilted toward semiconductors and equipment, with low SaaS/hyperscaler exposure, reflecting current market demand and pricing strength. The fund's covered call strategy is actively managed (0-90% coverage), balancing income generation and upside capture, and currently covers about 50-60% of the portfolio.

The Columbia Seligman Premium Technology Growth Fund (STK) has outperformed other tech-heavy growth funds, including QQQ, in the recent bull run post-2013. STK offers a higher technology and communications sector weighting (76.91%) than QQQ, with concentrated bets like Bloom Energy driving recent outperformance. As a closed-end fund, STK trades at a -2.89% discount to NAV, yields 4.05% in quarterly distributions, and carries a 1.13% expense ratio.

I highlight seven closed-end funds, or CEFs, with rising NAVs and increasing distributions over the past 10–15 years, spanning diverse asset classes. These CEFs—PEO, BDJ, BME, CSQ, UTF, STK, and GDV—offer strong total returns, resilient income growth, and trade at attractive discounts to NAV. Funds like STK and CSQ have outperformed the S&P 500 on a 10-year total return basis, while others like BME and UTF have never cut distributions.

BOSTON--(BUSINESS WIRE)--The Board of Directors (the Board) of Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) (NYSE: STK) today announced that the Fund's 16th Annual Meeting of Stockholders will be held on June 16, 2026 (the Meeting) in Minneapolis, MN. The close of business on April 21, 2026 has been fixed by the Fund's Board as the record date for the determination of Stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof.

There's one critical takeaway for us as AI flits through the market, whacking sector after sector as it does: Actively managed funds—closed-end funds (CEFs), in particular—are the best way to play it.

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a first-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The first-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.1577% (4.63% annualized) of the F.

Columbia Seligman Premium Technology Growth Fund remains a strong buy, trading at a rare 3.97% NAV discount despite robust 12-month total returns of 31.7%. STK offers a compelling 6.8% dividend yield, supported by dynamic covered call strategies and exposure to AI-driven technology leaders, including Bloom Energy. Option overlay strategies enhance income and buffer volatility, but heavy tech sector concentration exposes STK to downside if market sentiment shifts.

Columbia Seligman Premium Technology Growth Fund (STK) offers long-term capital appreciation and moderate income via a tech-focused, buy-write strategy with dynamic overwrite exposure. STK has delivered a 15.82% annualized return since inception, outperforming the S&P 500, with a current -4.8% discount to NAV and a forward yield of 4.94%. The fund's rule-based overwrite approach allows for greater upside capture in bull markets, but exposes investors to significant drawdowns during volatility.

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a fourth quarter distribution, that is beyond its typical quarterly managed distribution, in the total amount of $1.3280 per share of common stock (which includes the Fund's typical quarterly $0.4625 per share distribution). A federal excise tax of 4% applies to funds that do not distribute substantially all of their annual income (including net gains) before the end of their f.